Zevin Asset Management LLC Has $12.43 Million Position in Aon plc (NYSE:AON)

Zevin Asset Management LLC increased its position in shares of Aon plc (NYSE:AON) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,612 shares of the financial services provider’s stock after purchasing an additional 228 shares during the period. AON comprises about 1.8% of Zevin Asset Management LLC’s portfolio, making the stock its 24th largest holding. Zevin Asset Management LLC’s holdings in AON were worth $12,431,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AON. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in AON by 334.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after purchasing an additional 808,990 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of AON by 43,000.8% in the fourth quarter. Proficio Capital Partners LLC now owns 390,924 shares of the financial services provider’s stock valued at $140,404,000 after acquiring an additional 390,017 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of AON by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,564,824 shares of the financial services provider’s stock valued at $921,182,000 after acquiring an additional 343,592 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of AON by 28.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,247,736 shares of the financial services provider’s stock valued at $448,137,000 after acquiring an additional 275,525 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of AON in the fourth quarter valued at approximately $86,435,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler upped their target price on AON from $372.00 to $384.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their target price on AON from $379.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Royal Bank of Canada increased their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Barclays increased their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $386.21.

AON Trading Up 1.3 %

Shares of AON stock opened at $399.34 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.40 and a current ratio of 1.40. Aon plc has a 52-week low of $268.06 and a 52-week high of $412.97. The company has a market capitalization of $86.26 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The business’s fifty day moving average is $381.36 and its 200 day moving average is $368.72.

AON (NYSE:AON) last released its earnings results on Friday, January 31st. The financial services provider reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same period in the previous year, the firm earned $3.89 EPS. On average, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.675 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.68%. AON’s dividend payout ratio (DPR) is currently 21.33%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.